A review committee, comprised of economic development, education, media, non-profit and technology leaders across the state, selected the finalists and winners for the NC Tech Awards. NCTA would like to congratulate this year’s finalists. Tresata was nominated in two categories: Fast Growth Small Company and Finance & Banking. Winners will be announced at the NC […]

Representatives from Cisco Systems, which provides network and compute; MapR Technologies, which provides a Hadoop distribution with lots of add-ons and a homegrown file system that is better than HDFS in many ways; Splunk, which provides data ingestion and visualization tools; and Tresata, which provides predictive analytics software that chews on big data were all on hand to talk about the issues financial services firms are facing and how an integrated approach from their companies could solve many network issues, not just run risk analysis and other analytical applications.

Finally, in addition to being used directly by customers, Spark is increasingly the backend for a growing number of higher-level business applications. Major business intelligence vendors such as Microstrategy, Pentaho, and Qlik have all certified their applications on Spark, while a number of innovative startups such as Adatao, Tresata, and Alpine are basing products on it. These applications bring the capabilities of Spark to a much broader set of users throughout the enterprise.

Being the first company to architect their entire suite of software solutions on the Hadoop platform, Tresata is, it is safe to say, fully committed to the technology. Abhi Mehta, the CEO of Tresata, has witnessed the #HadoopSummit grow in popularity and attendance over the many years he has been coming. And he sees that steady drumbeat for the technology as a very good sign.
“It is refreshing, in a positive light, that the journey we started together in forecasting the future of data, not the future of technology, but the future of data and how it empowers enterprises to re-do business models is well underway,” Mehta noted. Continuing he said, “We are finding practitioners finding incredibly relevant and transformative business value by taking data, not just from one source or two sources, but multiple sources, combining it into data assets and solving problems that literally could not be solved before.”

The leveraging of data as a competitive asset is quickly becoming the difference between success and failure for companies operating within the same vertical. The writing is definitely on the wall that we will soon see a complete turn over of the infrastructure stacks of all companies in every industry, according to Tresata founder and CDO Richard Morris.

Tresata enables their clients to navigate this transition by tailoring a data index specific to their needs. “That data index is able to essentially bring the unique aspects of data in a specific application,” he states. “That is the key. If you are in the credit lending business, your data and what you can do is different than if you were in healthcare. We would be silly to think we could build a single application that addresses both genome research and financing a car.”

A major U.S. retailer recently spent six figures per year on a social media campaign to increase the number of likes on its Facebook page. While its investment increased likes and improved engagement, the retailer lacked a quantifiable way to gauge return on investment. The retailer was focused on Step 1 (creating social communities), but was missing the know-how to accomplish Steps 2 through 5.

The retailer worked with Tresata, a big data predictive analytics software company, to understand and enhance the return of its investments. After integrating multiple data sources, including social media, loyalty programs, and transactional data, the retailer uncovered insights that allowed the management team to start measuring the impact of its investments.

The retailer found that 90 percent of consumers that like a product on Facebook actually purchase it, but not necessarily at the retailer’s stores. This revealed significant areas of growth that had not been visible to the management team. The retailer also found that 60 percent of its most loyal consumers bought the liked product at its stores, compared to only 15 percent of its less loyal consumers. This showed that the return of social media investment was greater with loyal consumers (heavy users) than with other groups. This represented an opportunity to generate incremental revenue from users whom the company might have considered as “tapped out.”

Adam O’Daniel Finance Editor Charlotte Business Journal Big Data software firm Tresata and hundreds of hackers will pull an all-nighter in Charlotte this weekend for the second annual Hackathon CLT. The hackathon — sponsored by Harris Teeter, Proctor & Gamble Co., Tresata,ettain group and Data Chambers — will begin Friday with a kickoff party at 6 p.m. at Packard Place. Hackers will work through the night […]

BERKELEY, Calif. – March 18, 2014 – Databricks, the company founded by the creators of Apache Spark that is revolutionizing what enterprises can do with Big Data, today announced the Databricks “Certified on Spark” Program for applications built on top of the Apache Spark platform. This program ensures that certified applications will work with a multitude of commercially supported Spark distributions.

“Pioneering application developers that are leveraging the power of Spark have had to choose between two sub-optimal choices: they either have to package Spark platform support with their application or attempt to maintain integration/certification individually with a rapidly increasing set of commercially supported Spark distributions,” said Ion Stoica, Databricks CEO. “The Databricks ‘Certified on Spark’ program enables developers to certify solely against the 100% open-source Apache Spark distribution, and ensures interoperability with Apache Spark-compatible distributions. Databricks will handle the task of certifying the compatibility of each commercial Spark distribution with the Apache version and will soon announce the initial set of distributions that meet this criteria.”

CHARLOTTE, N.C.–Abhishek Mehta and his team at Tresata in Uptown Charlotte make up a next-generation software company that relies heavily on internet access. “If you can move data efficiently, fast, cheap, you can create innovation like none other,” said Tresata CEO Mehta. Tresata could benefit from a high-speed internet service called Google Fiber. It’s already available in three cities. Google is considering offering it in Charlotte and 33 other cities across the country. Center City Partners says the private investment in infrastructure could help with Charlotte’s competitive edge. “Bandwith, technology, light rail: all of those components make for a better, more attractive city,” said Center City Partners President & CEO Michael Smith.

Broadcasting from #BigDataSV last week in Santa Clara, California, John Furrier and Jeff Kelly, theCUBE co-hosts, continued their quest in talking to the best Big Data practitioners by interviewing Abhishek Mehta, the CEO of Tresata. He was asked to elaborate on the challenges of being an entrepreneur and to pinpoint the trends and the blindspots of the industry.

“There’s an interesting metric where people equate success to how much money you’ve raised. I equate success to how much money I’ve made. We’ve had an awesome year,” boasted Mehta. “The market has reached the point that you and Dave and I spoke about four years ago: data factories and their ability to monetize data in ways never possible before. However, the ability to do that depends on domain knowledge, science and technology coming together seamlessly. Big Data is a bigger ecosystem than Hadoop. The era of building and commercializing tools is behind us,” reckons Mehta.”Democratization and commoditization are two sides of the same coin. As Big Data technologies democratize, they will commoditize. The only way to extract value is going up the stack and finding problems to solve with Big Data.”

Tresata co-founder and Chief Executive Abhi Mehta says his Big Data company has grown top-line revenue tenfold in each of the three years since it started operations.

Tresata is cash-flow positive, an important milestone for any startup. And Mehta is determined to keep the company in Charlotte, although the big-business town has not yet learned how to nurture its small startups.

The company makes software to help organizations understand and use their data to improve risk management, marketing and sales.

The big news out of the Strata conference on Big Data is Tresata, a new company that as far as I can tell is the only one building commercial products on top of the new Apache Spark project. And that is precisely why they’re the belle of this year’s Big Data ball.

Spark is a large-scale data-processing engine. Tresata offers a Spark-based network-mapping application called NET 1.0. While the application itself isn’t nearly as exciting as what most enterprises are looking for (end-to-end customer metrics and analytics for decision-making), NET 1.0 is very emblematic of the future of Big Data applications.

The O’Reilly Strata Conference in Santa Clara is abuzz with the promise of making analytics power more accessible than ever before through new applications of Big Data. Tresata, the brainchild of former Bank of America data science chief and theCUBE regular Abhishek Mehta, is leading the way with a new software solution that runs on Apache Spark.

NET 1.0 is one of the first commercial apps to utilize the open source clustering system, which executes queries up to 100 faster than MapReduce using a sophisticated in-memory processing engine. Tresata says that its solution allows business users to harness the technology via a “compelling and easy to use” interface that visualizes patterns in large datasets. The offering advances Mehta’s plan to gain a head start in the emerging market for prepackaged Hadoop applications, a segment he predicts will take off in the next four years.

The rapid growth in unstructured information is transforming the entire enterprise IT stack, from the underlying infrastructure to the business software end users depend on to be productive. But while the journey to re-architect the data center is well under way, with the Hadoop distribution race already in full swing, the industry is only now beginning to deliver on the potential of Big Data applications, which Tresata CEO Abhi Mehta considers the next frontier of analytics.

Take a look at some of the promising entrepreneurs and early-stage companies that could make big strides in 2014. Tresata Everyone’s talking about Big Data. Tresata is doing something with it. The company, founded by banking veterans Abhi Mehta and Richard Morris, builds hadoop-powered software for organizations to utilize in understanding their data. Tresata is already working with […]

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Big Data startup Tresata has released a set of algorithms that simplify machine learning and statistical analysis in large-scale Hadoop environments. Named “ganitha” after the Sanskrit word for mathematics, the library is built on the Scalding API for Apache Cascading, a Java-based data-driven development framework.

Hadoop-based analytics startup Tresata last week open sourced a set of machine learning libraries built on Scalding and designed to run in Hadoop and make use of the Apache Mahout project. Tresata is calling the project Ganita, and has also written a couple of explanatory blog posts about it, including how to do k-means clustering. The barriers to doing good work on big data just keep getting lower.

Hadoop software vendor, Tresata, announced this week that they have developed the first open source algorithm library built completely on scalding, designed to work within/in Mahout & Hadoop. Scalding, a Scala library, wicks away low-level Hadoop complexities, aiming to make it easier for developers to specify Hadoop MapReduce jobs. The library is used as the core API for all of Tresata’s Hadoop-focused software.

Harris Teeter announced earlier today that it has reached an agreement with Tresata to provide the company with next generation predictive analytics software which will improve the way Harris Teeter serves its customers through improved functionality of its mobile application (htmobile), its e-VIC program as well as the newly launched Facebook application by enhancing the user experience.

Big data as a service analytics company Tresata recently announced their strategy, branding and application suite with a re-launched website. Joining us now to give us an insider’s explanation of the new site is friend to the program and Tresata founder Abhishek Mehta.

See live feed below or visit youtube.com/siliconangle to watch on-demand.

… the founder of Tresata, explained how his startup’s Big Data suite will help enterprises make omni-channel commerce a reality…omni-channel describes the notion of “looking at all possible avenues to reach your customers, whether it’s a brick and mortar store, whether it’s an e-commerce site, a mobile channel, [or] social platforms.”

In theCUBE’s ongoing coverage of Hadoop Summit 2013, John Furrier and Dave Vellante spoke with CEO and Founder of Tresata, Abhishek Mehta. The three discuss Tresata business strategy, new trends in big data analytics and growing opportunities for emerging businesses with a stake in the “information arms race” among Amazon, Facebook and Google.

…Abhishek Mehta is a good example. He used to run Bank of America’s analytics department, and then he left to found a start-up, called Tresata. It sells Big Data software to the finance and retail industries—it’s what Harris Teeter uses to power that Facebook app. Mehta says Charlotte is a long way from competing with traditional tech powerhouses like Silicon Valley, but has some advantages….

What do you get when you put 200 geeks, a big data company and a grocer in the same room?
Innovative solutions to big-data challenges facing business. Or at least that’s what organizers of Hackathon 2013 are hoping for.

The term “data scientist” has become popular since the term first appeared at around 2009. But while the term has been applied to numerous people, exactly what a data scientist is is still unclear, Big Data visionary and Tresata founder and CEO Abhi Mehta said in an interview in The Cube from the Strata + Hadoop World 2012 conference in late October. And no actual degree in data science exists today. Tresata, he said, plans to help fill this gap with an effort led by its new Chief Scientist, Ph.D. Roy Lowrance, to create the first advanced degree program in data science this summer, offering both master’s and Ph.D. degrees.

Big Data startup Tresata is doing a private beta test of a new analytics service designed to determine customer intent so that companies can design products and services based on what customers really want rather than on guesswork. Big Data futurist and Tresata Founder and Tresata CEO Abhi Mehta revealed the test of the revolutionary service, that allows companies to combine SKU data on their products and services with social media data from Facebook, publicly for the first time in an interview with Wikibon’s David Vellante and SiliconAngle’s John Furrier in the Cube at Strata + Hadoop World 2012 on October 25.

Tresata, a software company focused on big data in financial services, plans to deliver actionable insights from Big Data technologies, like Hadoop, which have become available only in the last couple of years.

A technological revolution is transforming the financial services industry by empowering consumers to connect with financial institutions and with each other in new ways. This report from The Leading Edge Forum, identifies four major technological drivers of change: the rapid uptake of mobile devices, the growth of microfinance, the widespread adoption of new media, and the opportunities from mining both structured and unstructured data.

Tresata was featured in the Mining section of the report, where we first unveiled our ‘advocate consumer needs’ mission.

There are, without question, a number of technical challenges and cultural implications associated with the Era of Big Data than can and must be addressed by the industry at large. It’s also important to identify the most practical uses cases that enterprises can tackle today with new Big Data tools and techniques, such as ad recommendation and fraud detection, to promote widespread adoption.

But let’s not forget to Think Big about Big Data too.

By Think Big, I mean each of us in this industry should dedicate time each day (or week or month) to, for lack of a better term, daydream about the possibilities of Big Data. Or, as my friend and Big Data pioneer Abhi Mehta of Tresata put it to me recently, the question to ask yourself is:

“With unlimited bandwidth, unlimited storage and unlimited processing, what problems can I solve?”

Five Charlotte-area operations were among those honored Thursday night in the North Carolina Technology Association’s annual 21 Awards…Tresata, a local startup that creates on-site and cloud computing software that helps banks search and analyze data, was recognized as the top emerging technology company.

Mehta returned to theCube at HadoopWorld 2011, where he talked to hosts John Furrier and Dave Vellante about Apache Hadoop in finance and the enterprise. Mehta was joined by Hadoop creator Doug Cutting, who added further details about the Hadoop ecosystem.

It’s a question that all new software vendors face: Should we deliver a horizontal, customizable platform that appeals to multiple industries or specialize in a single vertical with a highly-specialized software suite and do it better than anybody else?

Tresata has decided to go with the latter option. As I describe in detail in a previous post, the North Carolina-based start-up has developed a Big Data-as-a-Service offering to deliver consumable insights to their clients (namely banks, financial data companies other financial services companies) via a cloud-based platform.

With quadrillions of dollars on the line, banks and financial institutions pay close attention to the emerging exaflood of available data about their customers and the world around them. Here at the O’Reilly Strata conference on big data, the panel on big data in the banking world was fascinating. It’s likely an indication of the way the rest of the world is likely to move in the near future – at least if you believe the predictions of the people on the panel.

Abhishek Mehta and Richard Morris believe the startup they founded in South End will one day become “the Google of financial data.”
For now, it has just eight employees and a dozen computers in a one-room office in an old mill. But don’t be fooled by the humble start. Tresata is a company with some big brains and real innovation at its core.

Abhi Mehta thinks the world is on the verge of a second industrial revolution. But this time, the raw materials aren’t steel and iron but data and information.

Mehta is the founder of Tresata, a start-up that applies the assembly line model of the early 20th century to the huge volumes of data being created both inside the enterprise and in the cloud here in the 21st century. The goal is to create “data factories” that will help supply organizations with timely, accurate data that can be used to solve pressing business problems.

Former Bank of America executive, MIT Media Lab Executive in Residence, and big data pioneer Abhi Mehta announced the launch of Tresata, his latest venture, on SiliconAngle.TV Tuesday, February 2. Mehta cofounded Tresata to develop a tool set and framework for building “data factories” to extract the business value from big data databases.